Mixed-Use
80-11 Roosevelt Avenue
80-11 Roosevelt Avenue, Jackson Heights, NY 11372
Listing Price: $3,500,000
Investment Overview
The subject offering is a 4,200 SF three-story mixed-use building on Roosevelt Avenue between 80th and 81st Streets. The property is 100% occupied with one ground-floor retail tenant and four free-market apartments. Situated in the heart of Jackson Heights, one of New York City’s highest foot-traffic corridors with immediate access to multiple subway lines, the asset offers a strategic, transit-oriented acquisition with durable in-place income and minimal management.
The property sits on a 20X100 lot. The first floor is built full (20X100). The second and third floors are each built 20X55.
The on-grade retail space is currently leased to Party Glitters, who has a 10-year lease that will be expiring in April of 2035. They are reimbursing 50% of the real estate taxes. There are 4% annual increases.
The residential component comprises two studios on the second floor and two one-bedroom apartments on the third floor.
The site is surrounded by national and local retailers including Starbucks, Carvel, Planet Fitness, Bank of America, Old Navy, Citibank, T-Mobile, Popular Bank, and McDonald’s. This is an excellent opportunity to acquire a mixed-use property with scheduled annual rent growth and strong Queens demographics.
80-11 Roosevelt Avenue
Investment Highlights
- Fully Occupied Mixed-Use Asset in Prime Jackson Heights Location ±4,200 SF three-story building with ground-floor retail and four free-market apartments, located on one of NYC's highest foot-traffic c
- Long-Term Retail Lease with Built-In Growth & Tax Reimbursement Ground floor leased to Party Glitters through April 2035 with 4% annual rent increases and 50% real estate tax reimbursement—providing s
- Minimal Management and Future Upside from Free-Market Apartments Four residential units are all free-market, offering potential for rental growth with tenants already responsible for their own heat an
Exclusively Listed By
Listing Price: $3,500,000
Investment Highlights
- Fully Occupied Mixed-Use Asset in Prime Jackson Heights Location ±4,200 SF three-story building with ground-floor retail and four free-market apartments, located on one of NYC's highest foot-traffic c
- Long-Term Retail Lease with Built-In Growth & Tax Reimbursement Ground floor leased to Party Glitters through April 2035 with 4% annual rent increases and 50% real estate tax reimbursement—providing s
- Minimal Management and Future Upside from Free-Market Apartments Four residential units are all free-market, offering potential for rental growth with tenants already responsible for their own heat an
Investment Overview
The subject offering is a 4,200 SF three-story mixed-use building on Roosevelt Avenue between 80th and 81st Streets. The property is 100% occupied with one ground-floor retail tenant and four free-market apartments. Situated in the heart of Jackson Heights, one of New York City’s highest foot-traffic corridors with immediate access to multiple subway lines, the asset offers a strategic, transit-oriented acquisition with durable in-place income and minimal management. The property sits on a 20X100 lot. The first floor is built full (20X100). The second and third floors are each built 20X55. The on-grade retail space is currently leased to Party Glitters, who has a 10-year lease that will be expiring in April of 2035. They are reimbursing 50% of the real estate taxes. There are 4% annual increases. The residential component comprises two studios on the second floor and two one-bedroom apartments on the third floor. The site is surrounded by national and local retailers including Starbucks, Carvel, Planet Fitness, Bank of America, Old Navy, Citibank, T-Mobile, Popular Bank, and McDonald’s. This is an excellent opportunity to acquire a mixed-use property with scheduled annual rent growth and strong Queens demographics.
Exclusively Listed By
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